Spectrum Active Advantage Fund (SAPEX)
The fund's adviser delegates execution of its investment strategy to a sub-adviser. The sub-adviser seeks to fulfill the fund's investment objective by using proprietary signals to evaluate security market conditions. In favorable conditions, the sub-adviser focuses on equities and may employ leverage in especially favorable conditions. In unfavorable conditions, the sub-adviser emphasizes capital preservation by increasing its allocation to cash equivalents, fixed income securities, reducing leverage, and hedging.
Fund Info
ISIN | US00771F7987 |
---|---|
CUSIP | 00771F798 |
Issuer | Advisors Preferred |
Inception Date | May 31, 2015 |
Category | Tactical Allocation |
Min. Investment | $1,000 |
Asset Class | Equity |
Expense Ratio
SAPEX has a high expense ratio of 1.69%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SAPEX vs. QQQ, SAPEX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Spectrum Active Advantage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Spectrum Active Advantage Fund had a return of 4.96% year-to-date (YTD) and 15.56% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.96% | 17.79% |
1 month | -0.61% | 0.18% |
6 months | 5.75% | 7.53% |
1 year | 15.56% | 26.42% |
5 years (annualized) | 3.17% | 13.48% |
10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of SAPEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -2.92% | 2.36% | 1.04% | -4.62% | 4.01% | 5.26% | 3.14% | -0.87% | 4.96% | ||||
2023 | 4.01% | -2.57% | -0.94% | -1.00% | 1.10% | 2.18% | 4.01% | -2.65% | -2.97% | -0.89% | 4.18% | 7.65% | 12.11% |
2022 | -7.84% | -7.14% | -3.32% | -13.10% | -5.59% | -2.32% | 1.55% | -2.93% | -0.78% | 0.79% | -0.24% | -5.02% | -38.08% |
2021 | 0.17% | 2.32% | 0.27% | 3.54% | 2.77% | 5.52% | -4.12% | 1.47% | -4.82% | 5.87% | 2.75% | -4.06% | 11.54% |
2020 | 1.87% | -0.92% | -13.82% | 9.79% | 5.32% | 0.82% | 4.86% | 6.59% | -5.66% | -1.10% | 17.58% | 7.66% | 33.85% |
2019 | 4.87% | 4.13% | 2.52% | 4.69% | -4.86% | 5.86% | 1.43% | -2.57% | 0.47% | 2.30% | 2.40% | 3.96% | 27.65% |
2018 | 6.85% | -3.16% | -0.04% | -0.71% | 3.51% | 0.43% | 0.26% | 3.03% | -1.28% | -8.85% | 1.47% | -5.09% | -4.45% |
2017 | 1.46% | 3.43% | -0.53% | 1.45% | 1.33% | -0.14% | 1.78% | -0.46% | 2.28% | 2.13% | 1.60% | 0.07% | 15.29% |
2016 | -2.29% | 0.22% | 4.13% | -0.64% | 1.72% | -0.53% | 4.63% | 0.05% | -0.97% | -3.34% | 3.40% | 2.17% | 8.54% |
2015 | -2.05% | 1.17% | -4.29% | -1.90% | 0.81% | -0.37% | -1.34% | -7.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SAPEX is 17, indicating that it is in the bottom 17% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Spectrum Active Advantage Fund (SAPEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Spectrum Active Advantage Fund granted a 2.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.36 | $0.15 | $0.00 | $7.16 | $5.02 | $0.19 | $0.63 | $0.98 | $0.03 | $0.13 |
Dividend yield | 2.00% | 0.88% | 0.00% | 28.23% | 17.42% | 0.74% | 3.09% | 4.47% | 0.17% | 0.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Spectrum Active Advantage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.36 | |||
2023 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.02 | $0.14 | $7.16 |
2020 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $4.87 | $0.00 | $5.02 |
2019 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.19 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.00 | $0.63 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.76 | $0.10 | $0.98 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
2015 | $0.13 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Spectrum Active Advantage Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Spectrum Active Advantage Fund was 43.33%, occurring on Mar 13, 2023. The portfolio has not yet recovered.
The current Spectrum Active Advantage Fund drawdown is 32.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-43.33% | Dec 28, 2021 | 303 | Mar 13, 2023 | — | — | — |
-26.5% | Feb 20, 2020 | 30 | Apr 1, 2020 | 101 | Aug 25, 2020 | 131 |
-17.14% | Aug 30, 2018 | 80 | Dec 24, 2018 | 81 | Apr 23, 2019 | 161 |
-14.52% | Jun 24, 2015 | 161 | Feb 11, 2016 | 208 | Dec 7, 2016 | 369 |
-11.51% | Sep 3, 2020 | 16 | Sep 25, 2020 | 31 | Nov 9, 2020 | 47 |
Volatility
Volatility Chart
The current Spectrum Active Advantage Fund volatility is 4.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.